Strong growth for adidas in Q2
05/08/2016
“The stellar financial performance in the second quarter is proof positive that our strategy is paying off,” said adidas CEO, Herbert Hainer.
Revenue from the adidas brand grew 25%, after strong performance in the key running, football and training categories. Sales of adidas Originals and adidas neo were also strong.
Sales of Reebok products increased 7% during the quarter due to strong growth in the majority of geographical regions. Revenues at TaylorMade-adidas Gold were also up 7%.
There was strong growth in all geographical regions. Western Europe (+29%), North America (+26%) and Greater China (+30%) led the way and there was also increases in revenue from Russia, Latin America and Japan.
Image courtesy of adidas.
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